Retirement plan

PETERSEN PRECISION ENGINEERING, LLC 401(K) SAVINGS PLAN

Name: PETERSEN PRECISION ENGINEERING, LLC - PETERSEN PRECISION ENGINEERING, LLC 401(K) SAVINGS PLAN (2017) Form 5500
Creator: PETERSEN PRECISION ENGINEERING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETERSEN PRECISION ENGINEERING, LLC 401(K) SAVINGS PLAN, PETERSEN PRECISION ENGINEERING, LLC

PETERSEN PRECISION ENGINEERING, LLCEIN 94-1623325Plan #001PY 2017

611 BROADWAY - REDWOOD CITY, CA 94063650-556-5823petersenprecision.comLinkedIn51-200 employeesmachinery

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.4M

+3.1% from 2016

Total participants

130

+4.0% from 2016

Average account balance

$70,521

-3.7% from 2016

Annual return

13.93%

+7.89 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$12.94M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$104K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

124

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

63.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$989K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$78

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS COMP Service code 55 PO BOX 771115 · CINCINNATI, OH 452771115	Other Commissions	$9,626
MSI FINANCIAL SERVICES INC.2 years Filed as: MSI FINANCIAL SERVICES Service code 55 1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111	Other Commissions	$4,838
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,688
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$254

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$16 / participant

Investment mgmt$25413.1%
Contract admin$2K86.9%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: AUDIT AND TAX SOLUTIONS, CPA, INC.
Auditor EIN: 943122753
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,521

$64,909+8.6%

$82,312-14.3%

$62,293+13.2%

Participation rate

67.2%

74.9%-7.6pp

76.9%-9.7pp

69.5%-2.3pp

Annual return

13.93%

21.18%-7.2pp

25.88%-11.9pp

28.90%-15.0pp

Employer contribution / active EE

$873

$1,676-47.9%

$2,428-64.0%

$2,042-57.2%

Participant deferral / active EE

$4,260

$3,103+37.3%

$3,706+15.0%

$3,169+34.4%

Admin fee / account holder

$21

$440-95.1%

$5,608-99.6%

$479-95.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS COMP

Service code 55

PO BOX 771115 · CINCINNATI, OH 452771115

Other Commissions

$9,626

MSI FINANCIAL SERVICES INC.2 years

Filed as: MSI FINANCIAL SERVICES

Service code 55

1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111

Other Commissions

$4,838

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,688

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$254

PETERSEN PRECISION ENGINEERING, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERSEN PRECISION ENGINEERING, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion